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May 14, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Aurora, Business Loans > First Independent Bank Aurora Business Loans > Child Day Care Services Loan | ||||
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Aurora SBA Loans from First Independent Bank
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First Independent Bank SBA Loan to Child Day Care Services CompanyAn SBA loan from First Independent Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Aurora, Missouri business owner got a $148,500 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Aurora, Missouri was able to borrow $148,500 from First Independent Bank. The SBA made the loan possible by guaranteeing $126,225 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender FIRST INDEPENDENT BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8351 - Child Day Care Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 5/5/2004 Loan Approval Gross Amount $148,500 Loan Approval from the SBA Of the total $148,500 loan amount, the SBA guaranteed $126,225. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 23 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Aurora or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Role of Business Plan When Raising Money Best Banks for Small Business in Aurora, Missouri
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